Dubai Industrial City (DIC)
Dubai Industrial City Authority, Dubai
Description
Established in 2004, Dubai Industrial City (DIC) is one of the largest industrial hubs in the region, spanning approximately 560 million square feet. It is strategically located near Al Maktoum International Airport and Jebel Ali Port, offering comprehensive infrastructure and facilities to support various industrial sectors.
| Emirate | Dubai |
| Website | https://dubaiindustrialcity.ae/ |
| Contact Email | info@dubaiindustrialcity.ae |
| Contact Info |
Phone: +971 4 364 9600
Address: Dubai Industrial City, Sheikh Mohammed Bin Zayed Road, Dubai, UAE
|
| Year Established | 2004 |
| License Types | Industrial License, Commercial License, Service License |
| License Cost | License fees vary based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No specific minimum share capital requirement is specified; it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Food and Beverage Manufacturing, Transport Equipment and Parts, Machinery and Equipment, Mineral Products, Base Metal, Chemicals |
| Company Legal Structures | Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Manufacturing, Warehousing, Logistics, Commercial Trading, Service Provision |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Industrial Land, Warehouses, Logistics Facilities, Commercial Offices |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Strategic location near major transportation hubs, Comprehensive infrastructure tailored for industrial operations, Access to a large network of industrial and commercial businesses |
| Drawbacks | Limited to industrial and manufacturing-related activities |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
